adidas AG (OTCMKTS:ADDDF) Sees Large Increase in Short Interest

adidas AG (OTCMKTS:ADDDF) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 411,000 shares, an increase of 17.7% from the December 31st total of 349,200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 822.0 days.

adidas Trading Up 2.0 %

Shares of adidas stock opened at $270.50 on Friday. The business has a 50-day moving average price of $248.52 and a two-hundred day moving average price of $245.55. adidas has a 1-year low of $175.25 and a 1-year high of $273.24.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.